{"id":128242,"date":"2026-06-10T10:05:00","date_gmt":"2026-06-10T06:05:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128242"},"modified":"2026-06-10T10:17:57","modified_gmt":"2026-06-10T06:17:57","slug":"gold-slides-to-11-week-low-for-fourth-straight-session-u-s-helicopter-shot-down-adds-to-iran-war-inflation-spiral","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-slides-to-11-week-low-for-fourth-straight-session-u-s-helicopter-shot-down-adds-to-iran-war-inflation-spiral\/06\/10\/market-updates\/","title":{"rendered":"Gold Slides to 11-Week Low for Fourth Straight Session: U.S. Helicopter Shot Down Adds to Iran War Inflation Spiral"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fourth consecutive loss:<\/strong> Spot gold fell 1.9% to $4,180.85 per ounce \u2014 its lowest since March 23; gold futures also dropped 1.9% to $4,204.75.<\/li>\n\n\n\n<li><strong>Iran shoots down U.S. helicopter:<\/strong> Washington launched fresh strikes on Iranian targets after the downing near the Strait of Hormuz reignited supply disruption fears.<\/li>\n\n\n\n<li><strong>Oil rises 1%:<\/strong> Crude&#8217;s advance adds to concerns that fuel costs are feeding through to broader inflation.<\/li>\n\n\n\n<li><strong>70%+ December Fed hike probability:<\/strong> Rate hike expectations are crushing gold&#8217;s appeal as a non-yielding asset.<\/li>\n\n\n\n<li><strong>Treasury yields near multi-month highs:<\/strong> The elevated yield environment continues to increase the opportunity cost of holding bullion.<\/li>\n\n\n\n<li><strong>Dollar firms:<\/strong> The DXY edged 0.1% higher in Asian hours, hovering near a two-month peak.<\/li>\n\n\n\n<li><strong>CPI the day&#8217;s critical test:<\/strong> Economists expect annual inflation to accelerate to 4.2% in May \u2014 its highest since April 2023.<\/li>\n\n\n\n<li><strong>Fed meeting June 16-17:<\/strong> Rates widely expected to hold, but a hawkish signal looms if inflation surprises.<\/li>\n\n\n\n<li><strong>Silver drops 1%:<\/strong> To $64.70 per ounce.<\/li>\n\n\n\n<li><strong>Platinum plunges 3%:<\/strong> To $1,678.60 per ounce.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices fell for a fourth consecutive session on Wednesday, pressured by a stronger U.S. dollar and rising expectations of a Federal Reserve rate hike, as fresh U.S. strikes on Iran kept energy-driven inflation concerns in focus.<\/p>\n\n\n\n<p>Spot gold slipped 1.9% to $4,180.85 per ounce by 22:06 ET (02:06 GMT) \u2014 reaching its lowest level since March 23.<\/p>\n\n\n\n<p>U.S. gold futures also dropped 1.9% to $4,204.75, as investors reduced exposure ahead of key U.S. consumer price index (CPI) data due later on Wednesday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fresh Strikes Reignite Energy Inflation Fears<\/h2>\n\n\n\n<p>Washington launched new strikes on Iranian targets on Tuesday following the downing of a U.S. military helicopter near the Strait of Hormuz, reigniting fears of broader disruptions to global energy supplies.<\/p>\n\n\n\n<p>Oil prices rose around 1% on Wednesday, adding to concerns that higher fuel costs could feed into inflation and complicate the Federal Reserve&#8217;s policy outlook.<\/p>\n\n\n\n<p>The prospect of persistent inflation has prompted investors to scale back expectations for U.S. rate cuts.<\/p>\n\n\n\n<p>More than 70% of market participants are now pricing in a Fed rate hike by December.<\/p>\n\n\n\n<p>Higher interest rates tend to weigh on non-yielding bullion by increasing the opportunity cost of holding the precious metal.<\/p>\n\n\n\n<p>Treasury yields remained near multi-month highs, while the dollar stayed firm ahead of the inflation report.<\/p>\n\n\n\n<p>The DXY edged 0.1% higher during Asian hours, remaining near a two-month peak hit earlier this week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CPI and Fed Meeting in the Spotlight<\/h2>\n\n\n\n<p>Investors are closely watching the CPI data for signs of whether inflationary pressures are accelerating. Economists expect annual consumer inflation to rise to around 4.2% in May \u2014 which would mark the highest reading since April 2023 and could reinforce expectations that the Fed will maintain a restrictive policy stance.<\/p>\n\n\n\n<p>Markets are also looking ahead to the Federal Reserve&#8217;s June 16-17 policy meeting, where policymakers are widely expected to leave rates unchanged but could signal a more hawkish outlook if inflation remains elevated.<\/p>\n\n\n\n<p>Among other precious metals, silver prices fell 1% to $64.70 per ounce, while platinum dropped 3% to $1,678.60 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Fourth consecutive loss: Spot gold fell 1.9% to $4,180.85 per ounce \u2014 its lowest since March 23; gold futures also dropped 1.9% to $4,204.75. Iran shoots down U.S. helicopter: Washington launched fresh strikes on Iranian targets after the downing near the Strait of Hormuz reignited supply disruption fears. Oil rises 1%: Crude&#8217;s advance &hellip;<\/p>\n","protected":false},"author":9,"featured_media":110167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-128242","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128242"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128242\/revisions"}],"predecessor-version":[{"id":128243,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128242\/revisions\/128243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}